INTEGRATING GREEN FINANCE INTO COMMERCIAL BANKING PRACTICES: EVIDENCE FROM UZBEKISTAN

Аннотация

A key apparatus for planning monetary streams with natural supportability and climate objectives is the greenback. Green fund integration is vital, however immature, in rising economies like Uzbekistan, where the money-keeping industry is vital to capital allotment. This considers employment a desk-based audit of existing writing, bank reports, and administrative systems to examine the current status of green back in Uzbekistan's commercial managing an account teach. It comes about that organizational idleness, administrative insufficiencies, and a need for showcase motivations are the most common causes of the restricted selection of maintainablebackbones. In any case, there are a parcel of chances due to the developing interest in natural, social, and administrative (ESG) criteria around the world and Uzbekistan's developing interaction with worldwide monetary tech. The article's conclusion offers key approach suggestions implied to improvecommercial banks' commitmenttotheimprovement ofgreen financing in Uzbekistan. Keywords:green finance, commercial banks' commitment, Uzbek banks. 1.Introduction The thought of a "green fund" has drawn a part of intrigue from around the world in later a long time as a way to bolster financially feasible homes. Budgetary ventures that back programs and ventures focused on bringing down carbon outflows, progressing renewable vitality, and making strides in natural supportability in common are alluded to as "green back" (UNEP, 2021). Greenback integration into the national monetary framework is getting to be increasingly vital as developing countries like Uzbekistan work toward feasible improvement objectives. Since they act as a bridge between cash and biologically cognizant ventures, commercial banks are fundamental in this respect (IFC, 2020). In any case, because of a need for regulation capacity, information, and administrative bolster, the selection of green fund procedures in standard keeping money is still in its earliest stages in numerous creating countries (Taghizadeh-Hesary andYoshino, 2019). Green financing is beginning to urge policy-level consideration in Uzbekistan, which is in a transitional period. In spite of the fact that the country has communicated intrigue in renewable vitality ventures and made vows beneath universal natural systems (Government of Uzbekistan, 2019), nothing is known about how the keeping money industry is responding to these changes. page2531 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue05,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai This article looks at Uzbekistan's commercial banks' approaches to greenbacks, the deterrents they experience, and the prospects for upgrading the consolidation of supportability concepts intobudgetary decision-making. 2.Literature Review The role of green finance in bridging the gap between environmental protection and economic growth is emphasized in the worldwide conversation on the topic (UNEP FI, 2022). The UNEP claims that green finance encompasses more than just climate funding; it also covers more general environmental goals, including pollution prevention, energy efficiency, and biodiversity preservation (UNEP, 2021). Banks and Sustainable Finance: Commercial banks play a critical role in the financial system due to their ability to provide credit and shape investment objectives (Zhang et al., 2021). Many banks in wealthy nations have created specialized green finance departments, embraced the EquatorPrinciples, and putESGrisk assessments intopractice(OECD, 2021). Rising Advertising Challenges: Banks in developing countries as often as possible experience organization and advertising impediments, such as a need for standardized green scientific categorization, inadequate natural rules, and more client monetary education (Sovacool and Griffiths, 2020). The arrangement scene of Uzbekistan: The government has begun to put more accentuation on renewable vitality and natural changes, whereas the country's money-related framework is changing (ADB, 2021). Bank-level appropriation is still obscure, in spite of national guarantees laid out within the Procedure for Move to a Green Economy (2019–2030) (Government of Uzbekistan,2019). 3.Methodology Thisponder employment adesk-based, subjective strategy that draws from: *Government arrangement archives (Government ofUzbekistan,2019) * Open reports from Uzbek banks (Asaka Bank, Ipoteka Bank, National Bank of Uzbekistan, 2023) *Methodologies for worldwide improvement (ADB, 2021; EBRD, 2022). *Academicandregulation distributions (Zhang et al., 2021; World Bank,2022; UNEP, 2021). There was no essential information accumulated. Green fund integration, incentives, and deterrents were assessed utilizingtopical investigation. 4.FindingsandDiscussion 4.1Uzbek Banks' ShowGreen Fund Hones Hones have evolved significantly in recent years, reflecting a growing commit